Covid-19 Financial Support in Thankyou Payroll

Learn how to use Covid-19 financial support, like the Wage Subsidy Payment, to fund your payroll.

Aotearoa New Zealand's current alert levels can vary across the country and may change frequently. Visit Unite Against Covid-19 to get the latest information.

Covid-19 Financial Support

In response to the ever changing Covid-19 situation, the government may announce initiatives to financially support businesses. In the past this has included the Covid-19 Wage Subsidy and the Covid-19 Resurgence Support Payment. 

Information about financial support for businesses affected by Covid-19 is being updated regularly. We'd recommend referring to the Work and Income website for the most up to date information and to check if your business meets the eligibility criteria. 

Covid Support Payment

Visit the Covid 19 Website to learn about the Covid Support Payment, eligibility and application deadlines.

The Covid Support Payment has been put in place to support viable businesses navigate the challenges of the ongoing Covid-19 situation. 

Each Covid Support Payment will be $4000 per business plus $400 per full-time employee, capped at 50 FTEs or $24,000. This is the same rate as the most recent Transition Payment.

Applications for the first payment open on February 28, with payments starting from March 1.

It will be available on a fortnightly basis for 6 weeks, with 3 payments in total. 

To be eligible for the Covid Support Payment, businesses must show a 40 percent drop in 7 consecutive days within the 6 weeks prior to the shift to Phase 2 of the Omicron response on February 15, compared to 7 days after that date.

Covid-19 Leave Support Scheme

For more information visit the COVID-19 Leave Support Scheme page on the Work and Income Website.

The COVID-19 Leave Support Scheme helps employers pay employees, or self employed people, when they need to self-isolate and they cannot work from home. The scheme provides a weekly lump sum payment of either $600 per week for full-time workers, or $359 per week for part-time workers.

As an employee, you are eligible for the Leave Support Scheme if:

  • You or someone in your household has tested positive and you can't work from home.
  • A dependent has tested positive.
  • You've been advised by a health professional to stay at home to prevent the risk of transmitting COVID-19 to vulnerable household members and you can't work from home.
  • You can technically work from home as a positive case but you're feeling unwell.

Using the Covid Financial Support in Thankyou Payroll

It is business as usual in your payroll system. Tracking your use of the Covid Support Payment is best done in your accounting software.

If your business is the recipient of Covid-Support Payment, you continue to process your pays as normal in Thankyou Payroll. Use the Standard Pay type, which you regularly use.

You don't need to transfer the Covid Support Payment lump sum to Thankyou Payroll. Only transfer the Total Deposit highlighted when processing a pay.

Covid-Subsidy-01_1380-png-1Got a question? Email us at help@thankyoupayroll.co.nz or call us on 0800 895 146 for further assistance.